IPL 2021 New Team : Ahmedabad city inclusion as new IPL team almost certain, BCCI call for AGM for addition of 2 teams

The Board of Cricket Control of India (BCCI) has called for Annual General Meeting on December 24th. The proposal to increase two teams for the Indian Premier League 2021 (IPL 2021) will be formally floated for the approval of the house. An approval will be taken from the representatives of all the state associations for the inclusion of two new teams in the said meeting on Dec. 24th.

According to the information available with InsideSport, one thing is certain now that Ahmedabad city will be included in the IPL roaster before anyone else. The names of Lucknow / Kanpur, Pune will come for discussion if the BCCI AGM decides to increase more than 1 team for IPL 2021 or IPL 2022.

According to reports doing the rounds, Adani Group owned by Gautam Adani and RPSG owned by Sanjeev Goenka will be the biggest contenders for the 9th IPL team. Adani’s in past have openly declared their interest in owning the IPL team. With Ahmedabad now boasting of the biggest cricket stadium in the country, their interest will grow manifolds.

On the other hand, Goenka had owned IPL team in the past as an owner of Rising Pune Supergiants for two years and will surely throw their hat in the ring when BCCI comes out with tender.

Other than Adani and Goenka – South India’s top actor Mohanlal along with one of the big business house based out of Southern India is reportedly interested in owing the IPL team. He was recently seen in IPL 2020 in UAE hobnobbing with BCCI officials.

The BCCI is yet to officially announce how and when the tenders for the new team will be released. In case BCCI goes ahead with their plans, they will also have to have to prepare themselves for the Mega-Auctions (Full-fledged player auctions) for IPL 2021. According to the sources in BCCI, the board has now informed the teams that the decision in regard to the new team and Mega-Auctions will be taken post AGM.

“Time constraints are there but the full auction will be in the interest of everyone. IPL Governing Council will formally decide on this in next 3-4 weeks and communicate to everyone concerned”, said the BCCI source.

IPL 2021 Full player auctions will bring in relief for teams like Chennai Super Kings

After the IPL 2020 debacle, one team which is desperate to rebuild itself that is Chennai Super Kings. For them having full player auction will be a welcome relief. Even MS Dhoni during the post-match interview after playing the last league game of IPL 2020 stated that rebuilding the team will depend on what decision BCCI takes for the next players auction.

“We have to wait and see what BCCI decide on the next season’s player auctions”, Dhoni had said in reply to CSK’s rebuilding plans for IPL 2021.

Not only CSK, but teams like Rajasthan Royals, KingsXI Punjab, Sunrisers Hyderabad, Royal Challengers Bangalore according to a source also has indicated to the BCCI in informal discussion that they will welcome full player auctions for the next season.

InsideSport has learnt that the franchises are divided over the idea of having a mega auction for the next season. If CSK, SRH, RCB are in favor of Mega auctions, teams like Delhi Capitals, Mumbai Indians have settled squads and may resist the move.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

Abhishek Securities

Search This Blog